Reddit kills awards and coins

gsa32@lemmy.worldbanned from sitebanned from site to Reddit@lemmy.world – 2345 points –
Reworking Awarding: Changes to Awards, Coins, and Premium
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If I was a VC, I would want a glut of ad-sensitive, lowest common denominator users. Think your Aunt on Facebook, or your sister on VSCO, or your young nephew on TikTok. I don’t think those people are necessarily attracted to the overall community attitude(s) currently on Reddit.

I would never call the ex-Hacker News/Digg Redditors smart. But.

Those users do have certain proclivities that make them EXTREMELY unattractive to investment dollars. Strong interest in anti-mainstream topics, including the 3Ps (Privacy, Piracy, and Pornography) doth not good ROI make. This exodus of users and elimination of features, outside looking in, seems like a misstep. I’d be skeptical.

Very true. It seems like a solid plan to flush the current users and replace with more gullible ones.

With the collapse of social media, there's not going to be many new users to claim.

I'd have a hard time believing that anybody still on reddit isn't like that.